NXT vs. SPUU
Compare and contrast key facts about Nextracker Inc (NXT) and Direxion Daily S&P 500 Bull 2x Shares (SPUU).
SPUU is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (200%). It was launched on May 28, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NXT or SPUU.
Performance
NXT vs. SPUU - Performance Comparison
Returns By Period
In the year-to-date period, NXT achieves a -20.17% return, which is significantly lower than SPUU's 48.15% return.
NXT
-20.17%
16.71%
-27.12%
-5.44%
N/A
N/A
SPUU
48.15%
2.87%
24.06%
61.63%
23.25%
20.42%
Key characteristics
| NXT | SPUU | |
|---|---|---|
| Sharpe Ratio | -0.08 | 2.62 |
| Sortino Ratio | 0.38 | 3.20 |
| Omega Ratio | 1.04 | 1.44 |
| Calmar Ratio | -0.10 | 3.38 |
| Martin Ratio | -0.18 | 15.90 |
| Ulcer Index | 25.32% | 3.95% |
| Daily Std Dev | 61.67% | 24.02% |
| Max Drawdown | -48.61% | -59.35% |
| Current Drawdown | -38.58% | -1.93% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Correlation
The correlation between NXT and SPUU is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
NXT vs. SPUU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
NXT vs. SPUU - Dividend Comparison
NXT has not paid dividends to shareholders, while SPUU's dividend yield for the trailing twelve months is around 0.67%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
NXT Nextracker Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPUU Direxion Daily S&P 500 Bull 2x Shares | 0.67% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 1.26% |
Drawdowns
NXT vs. SPUU - Drawdown Comparison
The maximum NXT drawdown since its inception was -48.61%, smaller than the maximum SPUU drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for NXT and SPUU. For additional features, visit the drawdowns tool.
Volatility
NXT vs. SPUU - Volatility Comparison
Nextracker Inc (NXT) has a higher volatility of 27.58% compared to Direxion Daily S&P 500 Bull 2x Shares (SPUU) at 7.98%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.